The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Asia: Hotspot FX responds to expanding Asian client base

Platform adds five currency pairs to boost its regional offering

Hotspot FX has added five new currency pairs, sterling/yen, Canadian dollar/yen, Australian dollar/yen, Swiss franc/yen and Eurodollar/Swedish krona to its spot foreign exchange platform aimed at retail investors, broker/dealers and fund managers.

There's nothing particularly innovative about this move given that a number of its competitors already offer these currency pairs. It will, however, be good news to FX participants who like the Hotspot model. Hotspot FX offers its trading platform technology and pricing via an application programme [API] and a FIX gateway to financial services firms.

Appeal

"Hotspot FX's marketplace structure has always appealed to informed, sophisticated traders, who understand the benefits of bidding, offering and instantaneous, anonymous trading on neutral prices supplied by the world's leading FX banks," says Barry Calder, senior vice-president at Hotspot FX.

The new currency pairs are already offered on Hotspot FXi, the company's flagship platform for institutional and banking clients. The key incentive behind this move is to offer Hotspot FX clients, and the broker/dealers and other financial intermediaries that provide the platform to their clients, a broader array of local currencies in the Australian and Asian time zones.

Interest

"Asia is a really exciting area for us at the moment," says John Eley, president and CEO at Hotspot FX.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree